Given the following situation, Please classify into Current assets, Non-current assets, current liability and non-current liability - Inventories £6,000 was purchased on credit. and £5,000 was purchased for cash - Bank Loan of £1,000 full amount paid back during the year - The owners withdraw capital in the form of cash £10,000 - trade payables total £10,000 -And total wage of year is £20000 was paid in cash, but the end of year business found out £2000 of the wage for the last month not be paid

Given the following situation, Please classify into Current assets, Non-current assets, current liability and non-current liability - Inventories £6,000 was purchased on credit. and £5,000 was purchased for cash - Bank Loan of £1,000 full amount paid back during the year - The owners withdraw capital in the form of cash £10,000 - trade payables total £10,000 -And total wage of year is £20000 was paid in cash, but the end of year business found out £2000 of the wage for the last month not be paid

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 4SEA

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